HLSS Posts Largest Loss in Monday's MIEC
There were nine members of the Mortgage Industry Equity Composite that closed lower on Monday, led by Home Loan Servicing Solutions, whose stock price lost 1.7% from Friday.
Next was MGIC Investment Corp., whose stock closed 0.8% lower after the mortgage insurer said its delinquent loan inventory declined by over 1,000 loans in January. Radian Group closed unchanged from Friday.
Ellie Mae, which will release its 4Q13 results after the market closes on Thursday, had the largest gain (2.3%) among the seven MIEC members that closed higher.
PennyMac Mortgage Investment Trust and Redwood Trust were both up 0.6%.